- Monero price rose 9% to reach a high of $378, the highest level since June.
- Privacy coins Zcash and Decred also jumped while Bitcoin and Ethereum struggled.
- The technical picture suggests Monero could push to a new all-time high amid renewed momentum.
While many major cryptocurrencies face broad selling pressure, Monero (XMR) is among the coins showing a notable rally.
With Bitcoin trading below $103,000 and most altcoins in the red, XMR is up 9% over the past 24 hours on swelling volume.
What sparked the move? A resurgence in the privacy-coin sector, where Zcash has exploded and other privacy-focused tokens—alongside gains from projects like Decred—have drawn renewed attention.
Monero price jumps 9% to five-month high
The privacy-focused coin climbed more than 9% in the last 24 hours, reaching levels not seen since early June.
In fact, XMR traded as high as $378 on November 5, 2025, after rising from lows around $326.
Monero is now up 128% over the past year. That places it well behind Zcash’s stellar 1,120% gain but ahead of Ethereum’s 36% and Bitcoin’s 49% year-on-year increases.
The latest XMR breakout began during Asian trading hours on Tuesday when the token cleared the congestion zone between $337 and $346 that had capped rallies since June.
Buyers aggressively stepped in above the 50-day EMA, which sat near $302.
Once Monero bulls cleared $350, the move accelerated toward $378. The break triggered a cascade of short squeezes on perpetual futures platforms, liquidating more than $391,000 in leveraged positions over the past 24 hours.
Meanwhile, the token’s 24-hour trading volume rose by 19% to $265 million.
The move has pushed XMR’s market capitalization to $6.72 billion, ranking it roughly 21st on CoinMarketCap.
Can Monero extend the rally to a new all-time high?
From a technical perspective, the daily chart points to continuation. XMR posted a textbook higher low at $339 and is now challenging the 0.786 Fibonacci retracement level of the May–August swing at $378.
A decisive daily close above this level would bring $400 into play and open the pathway to the 2021 cycle high around $517.
The daily chart also shows momentum oscillators are largely bullish.
In the chart above the daily RSI reads about 64. Although that approaches overbought territory, it is not yet there and could rise further before nearing 70.
Elsewhere, the MACD shows a positive and expanding histogram following a bullish crossover.
The signal-line crossover offers early confirmation, and any additional bullish catalyst could help XMR clear the psychological $400 barrier.
What does XMR look like over the long term?
Over the long term, Monero appears to be following the same pattern that preceded the parabolic leg in 2021: an extended multi-month base followed by a breakout.
With privacy coins back in the spotlight and Monero having weathered bearish cycles before, the current momentum could allow bulls to target a new all-time high and potentially move beyond it.
That said, analysts warn the crypto market may still experience choppy trading in the months ahead, and risk management remains important for traders and investors alike.